Business

Carmakers Urge Delay Over No-Deal in Brexit

September 06, 2019 at 7:29 AM

Britain’s auto trade group is urging the U.K. to delay its scheduled exit from the European Union rather than leave with no trade deal.

U.S. Productivity Rises As Manufacturing Slows

September 06, 2019 at 12:54 AM

Nonfarm productivity in the U.S. grew by an annualized 2.3% in the second quarter compared with a 3.5% gain in January-March, the U.S. Dept. of Labor reports.

Barra Declares Trump Meeting “Productive”

September 06, 2019 at 12:07 AM

General Motors Co. CEO Mary Barra tells reporters her meeting on Thursday afternoon with President Donald Trump was “productive and valuable” but offered no details.

PSA, Dongfeng Finalize Plan to Restructure JV

September 05, 2019 at 5:32 PM

PSA Group says it is launching a restructuring plan for its 27-year-old carmaking venture with Dongfeng Motor Group in Wuhan, China, to cut costs and boost sales.

CNH Invests $250 Million in Nikola

September 05, 2019 at 11:26 AM

Industrial vehicle producer CNH Industrial NV is investing $250 million in Nikola Motor Co. and forming a joint venture to help launch the startup company’s fuel cell and electric trucks in Europe.

Report: GM’s Barra Will Meet Trump Today

September 05, 2019 at 1:09 AM

General Motors Co. CEO Mary Barra is scheduled to meet with President Donald Trump and White House officials in Washington, D.C., today, sources tell Reuters.

U.S. Manufacturing Activity Slows

September 04, 2019 at 6:47 PM

Activity by America’s factories, including those in the transportation equipment sector, slowed in August for the first time in 35 months, says the Institute for Supply Management.

CNH Industrial to Split in Two

September 03, 2019 at 3:32 PM

Industrial vehicle producer CNH Industrial NV plans to split in two next year in a bid to hike value.

Japan, France Affirm Support for Renault-Nissan Alliance

September 03, 2019 at 12:16 PM

Senior representatives of the Japanese and French governments have reaffirmed their mutual support for the 20-year-old business alliance between Renault and Nissan.

Fiat Drops 500 City Car in N. America

September 03, 2019 at 10:53 AM

Fiat Chrysler Automobiles NV is discontinuing the Fiat 500 city car and all-electric variant in North America.

France Might Consider Changes in Renault-Nissan Alliance

September 02, 2019 at 12:26 PM

The French government says it might be willing to support changes in cross-ownership of the Renault-Nissan-Mitsubishi alliance after all.

Conti Ponders Total Spin Off Powertrain Division

September 02, 2019 at 11:38 AM

Continental AG’s executive board says it may completely spin off its Powertrain unit under the Vitesco Technologies name rather than float a partial initial public offering for the business.